Cloud mining explained There are many ways you can participate in Mining Bitcoin and other Alt or Alternative coins and be a part of the ever expanding Bitcoin Community. Bitcoin mining leasing companies allow you to participate and be part of the blockchain network by leasing out their Computing Power to the public. Leasing Companies do this to expand their own network while at the same time, letting less technically minded people get involved and profit from mining bitcoin and other Alt coins.?? In simple terms, bitcoin mining is converting electricity into computing power to run the decentralised blockchain of computers. These computers solve equations that are the fundamentals of what the blockchain technology is. It's a proof of work system designed to be unhackable, decentralised. Each transaction is verified by Bitcoin Nodes, computers that host the entire records of each transactions that occur in